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Asharq Al-Awsat
Asharq Al-Awsat
Business
Dubai - Asharq Al-Awsat

UAE's Salik Aims to Raise $817 Mn in Dubai IPO

Salik said its business model requires low capital expenditures (Asharq Al-Awsat)

vDubai's exclusive tollgate operator, Salik Company, announced the offer price and subscription period for its Initial Public Offering (IPO) on the Dubai Financial Market (DFM), expecting to raise $817 million.

The price offering has been set at $0.5 per share, implying a market capitalization at a listing of $4 billion.

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